FARM BUSINESS NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Mon Oct 28, 2013 02:03 PM CDT

Despite continued bullish long-term commercial outlook, as indicated by the inverse in the Jan to March soybean futures spread (bottom study, green line), the January soybean contract was punched in the gut Monday, closing within striking distance of key technical price support.

The sell-off of about 25 cents left the contract in position to test its recent lows of $12.65 1/2 and $12.61 1/4, both near technical support at $12.59 1/2. This price marks the 61.8% retracement level of the previous uptrend from $11.69 through the high of $14.06. The 67% retracement level (not shown) is calculated near $12.48

Take ...

Quick View
  • Prepping for a Pest USDA has released a new set of pest response guidelines for Helicoverpa armigera, the voracious g...
  • Racing the Clock For Brian Marshall, the clock starts the minute a new calf hits the ground. Within the first four...
  • Hay Baling Safety Important Looking at it as a sporting event, mid-July is the halftime of the hay baling season in most of t...
  • Study Your Farm Bill Options Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • Klinefelter: By the Numbers Peak prices since 2007 didn't slow megafarm consolidation. Mid-size operators may need to collabo...
  • Corn's Hidden Highways Scientists are rewriting the route to better hybrids.
  • Ask the Vet Before implanting heifers that will be bred, consult with a veterinarian to be sure fertility won...
Related News Stories
DTN Technically Speaking Blog
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN Midday Grain Comments